Tata Consumer Daily Chart AnalysisTata Consumer is trading near its important resistance level . wait for any bullish pattern or closing above 1210 on daily chart .
TATACONSUM trade ideas
tataconsumerAdd 880... keep adding dips so manage first buy accordingly. positional pik for investors.
TATACONSUM NSE:TATACONSUM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata Consumer Products - Double bottomTata Consumer Products has created a double bottom pattern on a weekly timeframe and given a decent breakout on a daily timeframe, making it an ideal buy candidate.
Being an FMCG sector stock in India, which has an ever increasing population, also a very young population, makes FMCG stocks a very safe bet for a few years.
Add a decent setup from a technical perspective and its a no brainer to accumulate on dips.
That said, please do keep an exit strategy in mind, no matter how safe a stock is. My strategy would be using a 50EMA as a trailing stoploss.
For those who do not know what a stop loss is, its basically a rule that a trader follows where in, when price goes below a particular zone/trendline/moving average, etc, they would sell it, no matter what.
NSE-TATACONSUM - Short term trend tracking up? NSE:TATACONSUM
Tata Consumer Products Ltd, a prominent member of the Tata Group, is a key player in the food and beverage industry, both nationally and abroad. This tea company is the second largest in the world and dominates many markets. It has expanded beyond South Asia, with a particular focus on India. foothold in several other regions such as Canada, the United Kingdom, North America, Australia, Europe, the Middle East, and Africa.
Acquisition of Food Business
In FY2020, the company got the consumer products business from Tata Chemicals Ltd. This includes selling salt with the name 'Tata Salt', and food products like spices and pulses with the name 'Tata Sampann'. It was an all-equity deal. counts for about 71% of branded business revenues of the company. About 22% of the revenue comes from business operations outside of the local area, including Canada, the United States, the United Kingdom and Europe, the Middle East, and Australia.
Branded Vs Non-Branded
90% of total revenues come from branded food & beverages business & the rest 10% comes from the non-branded business of company.
Revenue segmentation
India Beverages(37% of revenue) - Brands such as Tata Tea, Tata Gluco+, Himalayan, Tata Coffee Grand
India Foods(27% of revenue) - Brands such as Tata Salt, Tata sampann, Tata Soulfull, Tata sampann yumside
US Coffee(11% of revenue) - Brands such as Eight O'clock
International Tea(15% of revenue) - Brands such as Tetley, teapigs, Good Earth
Tata Coffee(10% of revenue)
As of 9MFY23, Growth businesses include Tata Sampann, NourishCo, Tata Soulfull, and the RTE/RTC business (Tata Smartfooz) grew 53%YOY
Tata Starbucks
It is a joint venture between Tata Consumer Products and Starbucks Corporation of America wherein the company is working towards expanding the presence of Starbucks retail coffee stores in the subcontinent of India.
Presently, it operates 311 Starbucks stores in the nation.
source : screener
disc: Invested first trance
small dip overall trend is uptrend , its just going small correction phase . expecting upmove in coming days.
TATA CONSUMER BREAKOUTtata consumer break out at resistance after 3 doji and forming almost marubozu weekly candle can be good breakout
sl 840
CMP 914
TARGET 1095
TATA CONSUMER PRODUCT ( Ready for fresh break out)1.Gud consolidation near break out zone.
2. Less volume on selling candle
3.entry after break out with green daily candle
4. sl will be swing low for swing trade.
TATACONSUMTata Consumer Products Ltd (TATACONSUM) is at all time high and at the peak of the Uptrend Channel.
Previously the price has moved downwards from the peak of the channel and it looks like it can behave the same.
Volume it pretty low.
I am shorting this stock.
Entry - 950
Stop Loss - 970
Target - 900
Risk to Reward - 1 : 2.5
Share your views in the comment below
tata consumer long tradeTata consumer product looks good here.
I have added 50% of trading allocation qty at 900 and 903.
Will add more on retest.
tataconsumer nice cup and handle pattern NSE:TATACONSUM
4hr time frame it has formed c&h pattern and retasted properly
Tata Consumer products Buy at current price.Stocks reverse from 200 EMA on 1 hr. Timeframe.
RSI strong with double bottom on 40.
Cup and handle pattern breakout.
Tata Consumer Weekly Chartafter 2 years of consolidation now attempt to break
HIGH 928
will it break high ?
TATA Consumer ProductTATACONSUM - The idea is based on the Elliott Wave Theory. A five wave pattern has clearly completed on the stock with an ending diagonal in wave 5th.
This suggests that a correction will take place to 50% to 61.8% fibonacci level. So a correction towards 800 is likely in the coming weeks. As markets are also weakening due to global concerns, this is where technical and fundamental analysis are forming a balance.
Cup handle Great chart
1020 Target 🎯
No recommendation for buy and sell
Good quality stock
Tata group company
All time high breakout in tataconsumer ...Now Sky is Limit...All time high breakout in Tata consumer at 888 levels and complete its retracement/ consolidation period..... Now stock is ready to fly & sky is limit..
Techno-Funda pick of the week. Tata Con. 13/10/23After 2 years consolidation, Tata Con is ready to give next move. Chart is looking extremally strong and as its a fundamentally strong company, its worth of a trade.
CMP - 913 (13/10/23)
T - 1035 W
SL - 870 W
Tata Consumer Products: Breaking Out of Resistance?Tata Consumer Products Ltd. (TATACONSUM) is a leading Indian multinational consumer goods company. The company's products include tea, coffee, salt, spices, pulses, and packaged foods.
On the daily timeframe, TATACONSUM has formed a resistance line around the price of INR 906. This resistance line has been tested multiple times, most recently in September 2023.
On October 13, 2023, TATACONSUM is attempting to break out above the resistance line with accumulated volume. This is a positive sign, as it suggests that there is strong buying pressure at this level.
The MACD indicator applied on the OBV (On-Balance Volume) is also showing a bullish signal. The MACD line has crossed above the signal line, which suggests that the momentum is shifting to the upside.
Factors to consider
While the technical analysis is positive, it is important to note that the overall market conditions are not ideal. The stock market has been volatile in recent months, and there is a risk of a further correction.
It is also important to consider the fundamentals of the company before making any investment decisions. Tata Consumer Products has strong fundamentals, but the stock is already trading at a premium to its peers.
Overall, the technical analysis of Tata Consumer Products is positive. The stock is attempting to break out above a key resistance line with accumulated volume. However, it is important to consider the overall market conditions and the fundamentals of the company before making any investment decisions.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Tata consumer will continue upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
buy tata consumer long term bullishkeep buy on dip till previous swing low.
keep previous low as SL 810.
this trade is 2-3 month swing trading
tata consumer product 1d time frame buy@ 892, target @ 911, 921tata consumer product 1d time frame
buy@ 892, target @ 911, 921, 929.60
channel breakout
risk reward 1.82
its just a view trade @ your own risk
sl@ 880
